Connecticut General Statutes Title 2. General Assembly and Legislative Agencies § 2-90c. Audit of incentive programs and annual reports submitted by Commissioner of Economic and Community Development

(1) “Annual report” means the report required under subsection (a) of section 32-1m;

(2) “Incentive programs” means every business assistance or incentive program, including any business tax credit or abatement program, grant, loan, forgivable loan or other form of assistance, enacted for the purpose of improving economic development; and

(3) “Performance audit” means an examination of performance that provides findings or conclusions to determine effectiveness in achieving expressed legislative purposes.

(1) A determination of whether evidence is available to support the accuracy of the data presented in such annual reports;

(2) An evaluation of management practices and operations with respect to the ease or difficulty for taxpayers to comply with the requirements of the incentive programs;

(3) Recommendations for improving the administrative efficiency or effectiveness of the incentive programs; and

(4) An evaluation of whether such annual reports satisfy the reporting requirements under subsection (a) of section 32-1m.

(d)(1) The Auditors of Public Accounts shall submit a report, in accordance with section 11-4a, of the performance audit and evaluation required, pursuant to subsections (b) and (c) of this section, as part of each audit said auditors perform of the Department of Economic and Community Development, to the Governor, the Secretary of the Office of Policy and Management and the joint standing committees of the General Assembly having cognizance of matters relating to appropriations and the budgets of state agencies, finance, revenue and bonding and commerce. Such report may be submitted as part of the audit report of the Department of Economic and Community Development that said auditors issue pursuant to section 2-90.

(2) The Auditors of Public Accounts shall submit a report, in accordance with section 11-4a, of any stand-alone performance audit conducted pursuant to subsection (b) of this section, to the Governor, the Secretary of the Office of Policy and Management and the joint standing committees of the General Assembly having cognizance of matters relating to appropriations and the budgets of state agencies, finance, revenue and bonding and commerce.